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websites advertising or advertising is harder to distinguish from the actual content and it s an enormous amount of our informational resources resources resources resourceses. the washington post sort of e emblifies the old model. they could go national. they rely on local advertising and really dominate the washington market which they ve always done in northern virginia and maryland, et cetera. and that was an incredibly lucrative and rewarding business model for years. warren buffett bought in, made a fortune on the paper. the grahams became this great family and it s gone to hell because of the internet. everywhere else in silicon valley people are saying why would you purchase a newspaper? that s dead wood. then along comes jeff bezos, you know, this little guy who is the great internet icon, and he says, no, wait a minute. this paper is worth $250

Washington post15th andl street in washington dcResources resourcesesE emblifiesBusiness modelMadea fortuneEt ceteraNorthern virginiaWarren buffettJeff bezosInternet iconSilicon valley50 million250 million